Summary of budget goodies

The Budget announced last Friday was good especially for the stocks and the economy. It was not really an election budget per se. Some of the goodies are:-

1. 1% corporated tax cut for 2009 to 25% is good for the market.
2. Lower transaction cost for internet trading - (cheaper trades and more convenient)
3. More broking licences to attract the middle east funds
4. Property - to allow monthly withdrawal from the EPF account for housing

The budget could help boost the Malaysian stock market but with the US suffering a scare in labour payrolls, I really doubt there is any upside left.